1. Research
  2. Products & Topics
  3. Periodicals
  4. Focus Germany

Sounding out the Q2 GDP slump

June 26, 2020
Region:
How deep is your trough? Daily activity trackers suggest that the economy turned at the end of April as lockdown measures were gradually lifted. But we still expect a double-digit decline in Q2 GDP. The EUR 130 bn fiscal package was somewhat above our earlier expectations but does not change our GDP forecast, especially as still-prevailing pandemic uncertainties might curtail the economic impact of the package. But upside risks to our -9% GDP forecast for 2020 have (somewhat) increased. (Also in this issue: corona pandemic update, German public finances, global trade, German tourism during the corona crisis, German politics goes European) [more]

More documents contained in "Focus Germany"

100 Documents
February 17, 2021
Region:
4
German GDP: Down (Q1) but not out (in 2021). The longer “hard” lockdown, weather-related losses in construction and impairments in car output due to chip supply problems have prompted us to cut our Q1 GDP forecast to -2% qoq. [more]
14.8.0